Hacking scandals push crypto exchanges to quantum security (Premium)

Crypto exchange hacks make consistent headlines, with industry heavyweight Binance being the latest to announce millions in losses. That’s why startup tech firm temtum is seeing momentum for its quantum cryptography tech developed for the blockchain.

temtum describes itself as a next-generation blockchain: a feeless, lightweight, peer-to-peer cryptocurrency with which anyone can support the “Temporal Blockchain” network. The Temporal Blockchain is the culmination of five years of research, 12 peer-reviewed published papers and four years of blockchain development.

The UK-based startup was founded in 2014 by Richard Dennis, CTO of Dragon Infosec, a cybersecurity and cryptography group, and lecturer at Portsmouth University’s School of Computing. At the moment, temtum’s team is speaking with tier one crypto exchanges as well as casinos about the use of quantum security tech, with more details expected to be released over the next few weeks.

We spoke with Dennis about exactly what the practical application is for quantum, both pure and applied, in the crypto world.

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